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TGNA - Sinclair: Value Creation Time For Shareholders
TEGNA Inc
2025-08-23 10:01:08 ET
We were recently buyers of Sinclair, Inc. ( SBGI ) shares on the sharp pullback after earnings, on the belief that we were purchasing shares at an extremely attractive valuation ahead of industry M&A. The timing of those purchases could not have been better for a trader, as news broke that Nexstar ( NXST ) and Tegna (TGNA) were in discussions to merge, which saw the entire sector rise, followed by news that Sinclair itself was beginning a comprehensive review of its business, which pushed shares higher the next day....